Financial Recovery Technologies Fast Five provides you with the top news in shareholder class actions. Stay up-to-date on the latest developments in settled (U.S./Canada) claims filing opportunities, Antitrust settlements, Global Group Litigation matters and more. For more information, contact your Financial Recovery Technologies representative or email us.
In what is perhaps the least surprising development in the sprawling, continuously unfolding Danske Bank (“Danske”) money laundering scandal, investor groups have filed private securities fraud actions against the Denmark-based bank and its top executives: first in the United States District Court for the Southern District of New York then, most recently, in Copenhagen City Court in Denmark. Click here to read the full article.
Johnson & Johnson is facing a shareholder suit that seeks to restrict the filing of future shareholder suits against the company. A federal judge has rejected a bid for emergent relief by a Johnson & Johnson shareholder asking the company to institute mandatory arbitration of shareholder disputes in lieu of class action litigation. Click here to read the full article (subscription may be needed).
Harbour Litigation Funding has unilaterally exited a funding agreement with a shareholder class that is pursuing a class action against Australian mining firm Iluka Resources. Click here to read the full article (subscription may be needed).
BMW AG shares fell after the luxury carmaker warned of a charge that may exceed 1 billion euros ($1.1 billion) stemming from a European Union probe into alleged collusion by German automakers to delay the rollout of cleaner-emission cars. The stock dropped as much as 2 percent Monday, the most in two weeks, after the Munich-based manufacturer said that the provision would weigh on first-quarter results and reduce its automotive profit margin this year to as low as 4.5 percent. Click here to read the full article.
A federal judge in Arkansas on Tuesday gave her final approval to a $160 million settlement in a securities class action stemming from the alleged bribery scheme involving Walmart’s Mexican subsidiary. Click here to read the full article (subscription may be needed).
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- Case Spotlight: FX Canada
- A look back at Antitrust Litigation in 2018
- Three Non-U.S. Passive Participation Opportunities to Keep on Your Radar
- EU Proposal May Move European Jurisdiction Risk Profiles Closer to the U.S.
- Securities Class Action Cases: Quarterly Disbursed Claims – Q4-2018
- Unique Data in Complex J.P. Morgan ADR Case Presents Filing Challenges
- FRT Insights – Quarterly Newsletter: January 2019
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